Further to the Kuwait Stock Exchange release dated July 27th 2010, we are writing to confirm that United States Attorney's Office in Atlanta moved to dismiss the Indictment against Agility “Holdings”, an Agility Public Warehousing Company KSC subsidiary.

With respect to the MEED report, we have no way of confirming what evidence MEED relied upon to reach their findings or how they arrived at their conclusions in their article.  The Prosecutors have argued that Agility Public Warehousing Company KSC’s subsidiary “Holdings” is an alter ego of Agility Public Warehousing Company KSC and filed in court a five page summary of what the Prosecutors contend are the salient aspects of the Price Negotiation Memoranda